New York (AP)-A senior advisor to Kamala Harris’ presidential campaign in 2024 is followed by the Global Council of Consulting of Coinbase, where several former US senators and President Donald Trump’s ex-campaign manager as a cryptocurrency exchange is expanding his political reach.
David Plouffe, a top strategist of the democratic strategist, which is best known as the architect of the successful Barack Obama presidential campaign, is the latest addition to the council, which as a cryptocurrency industry plays an increasingly vital role in the design of fast-moving laws in the congress.
The cross -party participation reflects how both parties consider crypto owners as an vital and growing basis of potential swing voters where they strive to form the lucrative industry – and to benefit from it. It also shows that the political survey that the crypto industry is now wearing under Trump, and several Democrats and Republicans connect to the company’s salary statement.
The crypto industry was one of the largest expenses in the 2024 elections. A crypto super political action committee spent over 130 million dollars in 2024. Coinbase – the largest crypto exchange of the country – was the greatest participant in the Super Pac.
The bets of the cryptocurrency industry are already paying dividends. The congress now moves quickly into industry -friendly legislation, which would create a comprehensive framework for the regulation of digital assets in a change in Washington. Trump, a Republican, has undertaken to make the United States a global capital of cryptocurrency, in contrast to what the industry leaders regarded under the former democratic administration as an suffocating regulatory approach.
The Americans can soon be able to invest in their retirement provision in crypto after Trump’s work secretary had lifted a bidue management that says that Krypto may not be appropriate for 401ks and Iras. President Joe Biden’s supervisory authorities had argued that the extreme volatility of cryptocurrencies makes the wealth class too risky for Americans who try to save in the long term for retirement.
Regardless of how Crypto has developed in the past, the ability of the Americans to bring their pension funds – assets of around 44 trillion US dollars – will lead to profits of billions of dollars for the industry, if even a miniature part of the Americans brings their assets into a cryptocurrency fund.
Trump and his family have also aggressively expanded their personal business into almost all parts of the cryptocurrency ecosystem, including the intake of billions of dollars to buy Bitcoin, create a recent stablecoin and start and promote a meme coin.
Trump spoke about Crypto enthusiasts at the Coinbase political conference in New York on Thursday and said that it was “a really great honor” to be described as “first crypto president”.
“Congratulations to everyone at this exciting time for their industry and in the life of our country,” said Trump, to get applause.
Chris Lacivita, the former co-campaign manager of Trump’s presidential offer 2024, joined the Coinbase Advisory Board in January.
Lacivita and Plouffe were interviewed at the conference on Thursday and reported on their efforts to put so-called “crypto voters” in court in the 2024 elections. Both the Harris and the Trump teams regarded the group as a recent block of potential swing voters that could be won. Faryar Shirzad, Chief Policy Officer from Coinbase, said the company met both campaigns to sell them through the potential.
Lacivita said Trump – who was once a crypto skeptic, quickly came with the assist of his sons Barron Trump and Donald Trump Jr.
“The novelty of this was from the President’s point of view,” said Lacivita. “It didn’t really take much.”
The campaign, he said, also saw the opportunity to reach part of the voters who have not been actively employed in the past, including black and younger voters with whom the Republican party had to struggle in the past.
“We gave us the opportunity to establish similarities with an area and a population group in which we have to expand in order to be successful,” he said. “This was one of these big growth opportunities in politics,” which he said are “only a few”.
Plouffe said the Harris campaign had drawn the same conclusion and argued that the group only grows.
“The people who belong to crypto are quite politically competitive,” he said. “These are not a Maga voter. They are swing voters. Niege a little democratically, certainly hurls much younger.”
Both were also sanguine about the chances of their party in the intermediate elections of the next year. Plouffe emphasized that the party generally has an advantage from power. He admitted that the Democratic Party “has a lot of work on its brand after its disappointing end last year”, but said, he hoped “this will come together from the people who run together and come together”.
Lacivita said the goal for Trump was to demonstrate the voters that he complies with his campaign promises.
Plouffe, who previously worked a member of the Global Advisory Board for Binance, enters into a council that also includes the former senator of Arizona Senator Kyrsten Sinema, a democratic democratic-independent one. The role of the consultants is to be a “sounding board” in order to discuss political efforts and business strategy, said Shirzad.
In the congress, the legislation for a recent industry appears much faster than usual before a pace that some are involved in the design of the bills comes from the cryptocurrency sector in the middle of a comprehensive pressure campaign.
On Wednesday, a group of Democrats joined the Republican majority to promote legislation that regulates stable coins, a kind of cryptocurrency that usually came into the US dollar. The last passage by the Senate could come next week.
In the meantime, a more comprehensive legislation for the implementation of the market structure for cryptocurrencies has started to move through house committees.
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Cappelletti reported from Washington.
